Daily charts:
- trend is down on daily charts
- today NF closed 0.7% in negative at 10978
- AD was 5:13
- have markets bottomed out in short term?
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIPvMjED5-i7rSMEY32FgD44KjOyQRyjt3kN2GgQ1CB9Nj_rRB0lpSZzt6boXHWDz3QEHaKXewOjYi6KtLAFwETZEO74Od6qUi6M2SZuWnUeKB2SNJfmuvDQ1d_iwfJ_dKRwpw4XuzIzL4/s640/a.png)
5 min charts:
- did not trade today as risk is not in my favour and
- had a lunch function to attend
- now the charts
- break of rectangle is sell signal
- but this is close to previous day low (long line)
- note that the line broke eventually but there was lot of buying
- also note that while buying was weak there was not much selling also
- this may mean limited downsides and high chances of pullback rally
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFbJaM63hFTSyWSUFq-qNAQq1vvDe1OZfwrlPq4ZEQeygGZrry3egmqDjoDgiFDbCFN427TPKjaeqDHJDkiQ81lTjSVhzMYr2eifdUnD66XUE1rMVM_V5P_Uz5m-inv0E9fd9SU8I2rC_b/s640/a.png)
- trend is down on daily charts
- today NF closed 0.7% in negative at 10978
- AD was 5:13
- have markets bottomed out in short term?
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIPvMjED5-i7rSMEY32FgD44KjOyQRyjt3kN2GgQ1CB9Nj_rRB0lpSZzt6boXHWDz3QEHaKXewOjYi6KtLAFwETZEO74Od6qUi6M2SZuWnUeKB2SNJfmuvDQ1d_iwfJ_dKRwpw4XuzIzL4/s640/a.png)
5 min charts:
- did not trade today as risk is not in my favour and
- had a lunch function to attend
- now the charts
- break of rectangle is sell signal
- but this is close to previous day low (long line)
- note that the line broke eventually but there was lot of buying
- also note that while buying was weak there was not much selling also
- this may mean limited downsides and high chances of pullback rally
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFbJaM63hFTSyWSUFq-qNAQq1vvDe1OZfwrlPq4ZEQeygGZrry3egmqDjoDgiFDbCFN427TPKjaeqDHJDkiQ81lTjSVhzMYr2eifdUnD66XUE1rMVM_V5P_Uz5m-inv0E9fd9SU8I2rC_b/s640/a.png)
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